Banking Act 1959

Part II - Provisions relating to the carrying on of banking business  

Division 3A - Covered bonds  

SECTION 27   Arrangements involving several ADIs  

Aggregated issuing of covered bonds

(1)  
Two or more ADIs may enter into an arrangement with another entity (the aggregating entity ) under which the aggregating entity issues bonds, notes or other debentures secured by covered bonds issued by each of the ADIs to the aggregating entity. Other arrangements

(2)  
The regulations may prescribe other arrangements that may be entered into by 2 or more ADIs for the purposes of issuing or dealing with covered bonds.


 

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